Project Report For Oxygen Plant
Project report for Oxygen Plant is as follow
In terms, of sales the worldwide Oxygen Gas Cylinder Market Size is valued USD 15.41 billion in 2020 and is forecast to hit USD 23.64 billion in 2027, rising at a CAGR of 6.3 percent between 2020 and 2027. Caused by a variety of key drivers, the Oxygen Gas Cylinder market is expected to expand at a remarkable speed.
The rise of the oxygen cylinder industry has been aided by Covid-19. The growing number of COVID-19 incidents has effectively boosted the need for oxygen gas cylinders for critical care amid the Covid-19 pandemic. Because of the rising number of COVID-19 patients, the demand for oxygen has increased to 1.1 million cylinders in low to middle income countries alone. Preventive steps are being taken in a lot of nations to ensure a sufficient oxygen supply for COVID-19 patients.
Market potential & Strategy
Medical professionals frequently require medical oxygen gas cylinders for therapy and diagnostic uses. Medical oxygen gas devices, such as oxygen concentrators and compressed oxygen gas cylinders, are often used in homecare environments and thus are favoured for elderly patients who have mobility problems and need a consistent supply of oxygen. Any common chronic medical disorders, such as chronic obstructive pulmonary disease (COPD), emphysema, chronic bronchitis, and the long-term effects of smoking, necessitate oxygen therapy or supplementary oxygen.
Medical oxygen gas is indeed a high-purity oxygen that is generated to be used in the human body that is used in medicinal therapies. To avoid diseases, medical oxygen gas cylinders include a high concentration of oxygen gas; no other gases are allowed in the tank.
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